May 5, 2021 ☼ biden ☼ taxes ☼ experts
Source: The Washington Post - Link
As former IRS commissioners, we know the challenges of administering the tax system, which has grown in size and complexity, particularly in recent years.
Yet, during the past decade, budget cuts have substantially diminished the IRS workforce. In real terms, the IRS budget is smaller than it was in 2010, and it has 21,000 fewer employees. The IRS has fewer auditors today than at any time since World War II. Moreover, the agency has struggled to keep pace as complicated tax structures, such as partnerships and pass-throughs, have grown in popularity. Workforce attrition has been most pronounced among agents who examine these complicated tax filings: Thirty-five percent fewer revenue agents handle these returns today than a decade ago.
The tax system needs to tax the highest earners more, even if that includes me.